Can we afford this mortgage? always a difficult decision We purchased a home after selling our starter home because we desperately needed more space with one child and another one on the way. We moved from a more expensive state to a cheaper state but currently make $125k net take home combined, and our mortgage is $2800. Would love some advice on percentages on this and if this is reasonable, we obvi…

Mom just passed. Medicaid keeps calling about submitting an application. Should I go through with it? My mom passed last month from cancer. While she was alive she was in the process of reapplying for Medicaid. She was originally kicked off because she had too much saved (barely enough to pay 3 months of rent but I digress). Since she has passed, some lady from the hospital keeps calling me regarding continuing with the Medicaid application to …

I got wrangled into an Equitable Annuity – Am i screwed? Long story short i got wrangled into a Equitable Structured Capital Strategies PLUS 21 – Traditional IRA. I’ve been reading a lot of mixed opinions on this annuity. My money is going to be tied up for 6 years. Is the fund doing well or am i going to be severely behind on my investment after 6 years? It seems to be doing pretty good? my quarterly…

Pennies Earned Pennies Saved I have been saving pennies for years. I don’t know how many I have but it’s a lot. Now that the penny is discontinued should I cash them in? Or will value go up as they grow rarer? Or will they become worthless since they are no longer issued? Anybody know? submitted by /u/debmacathome

How was my debit card stolen when I’ve NEVER used it prior? I have a debit card for an account that is used for drafting payments for utilities and other fixed monthly payments. The debit card sits in my home in a safe, I’ve never used it and it’s never left the house except in the envelope it shipped in. I live with nobody that would be able to access the card or would have taken it to shop, it’s physic…

Beginner investor- don’t know where to start Just like the title says….i recently opened up a brokerage account with fidelity. I already have a 401k through them from my job but I wanted to do some of my own investing. Current situation: -All of my bills together outside of credit cards are probably around 1700. I make about 2400 post tax and I have a second part time job just to pay of…

Help me catch up for retirement I’m 58 and do not have anywhere near enough money to retire, I have a good job I think but I’ll never catch up from all my bad decisions, I tried twice to start a business and failed both times, and it ruined my credit , my savings, and I’m paying off the IRS too. I’ve learned im not an entrepreneur, so that’s not a good solution for me, but I n…

Cash out RSU’s from volatile company and reinvest? Little background. 40yo, married, 2 children. Single income around 90k. Own my home, have zero debt but not much in retirement savings or investments. Current investments: Put 12% in 401k, around 60k in it and 3% in HSA. On top of my 90k I am also compensated in RSUs. The stock has been extremely volatile the past 5 years, the stock has risen …

Terminal Cancer – Live off my 401k? Hello, I am looking for some financial advice. I have terminal cancer (Multiple Myeloma Stage 3) and will reasonably be deceased within 3-5 years. Most likely sooner. However, I want to use that 3-5 years time frame of reference if possible. I am also disabled from multiple broken backs from the cancer eating my spine away. Treatments and medica…

My 74 year old mom Inherited a 403(b) As the title says, my 74-year-old mom inherited my sister’s 403(b) after her passing late last year. The account holds about $75,000, and we’re unsure about the best course of action given my mom’s age. A rollover IRA seems like a viable option, but we’re uncertain about the specifics or if there’s a better approach. Any advice would be greatly …

What can I do to ever retire 35k a year? Make 35k a year. Put 10 percent in 401k. I don’t see my income going up soon as I have many health problems and can’t relocate or work anywhere different. All other saved money is for emergencies. submitted by /u/Cool_Contribution_47

55 laid off from software job, live off 401k I got laid off a couple weeks ago. I have no debt no mortgage no credit cards no car payment. I don’t think I’m going to be going back into software. Several of my friends have been laid off for months and not able to find work, nobody wants a middle-aged developer. I have a little over $500,000 in my 401k I am thinking about taking half of it a…

Concerned I am overly focused on retirement in the form of a pension. I (39) have about 12 years of time (and $70k) invested in a pension that will payout 2% for each year of the average salary of my best three years. I make about $94k a year with regular 3% raises and summers off (psychologist for a school district). I am also a licensed psychologist currently limiting the number of clients I see to no more than …

Bad debt, jointly owned property, small business income- three balls a smarter person could juggle better Or at least I imagine so… a few years ago I went into debt to upgrade my business but the ROI turned out to be terrible. Now I have some urgent short term IRS issues and long term debit to income issues. My saving grace is that I am co-owner of a a 5 plus acre property with no mortgage but my mom uses it as her primary residence. I can’t do a he…

What will retirement accounts in 2050 need to look like? For someone to retire today, estimates to “live comfortably” range from $600k to $2.5m when considering the 4% rule and Social Security payments. But I’m in my mid-30s (34). My wife and I bring in just north of $220k. We have two kids. I plan to retire between the ages of 59-62. This is possible for me because my union benefits are VERY genero…

Retirement savings tracker & projector I’d been trying to find a suitable savings calculator/projection spreadsheet, and got tired of finding *mostly* what I wanted, so I decided to take a stab at making my own over the weekend. It should be good for people to utilize right out of the box, but I’d also love to get feedback on ideas for things I should change or add (or remove). Here’…

What would you tackle first – debts, taxes, or a house? Here is a spreadsheet with our household income, debts, etc We’re in Midwest USA, mid-30’s. We don’t have any children, roommates, etc. We have $25K in liquid cash at the moment. No stocks, retirement accounts, or other funds we can draw from. Our parents are riding the poverty line, so we don’t have any family to borrow from either. We owe $2…

I have ~$60k sitting in a money market account, where/ how do I invest it? 26m married, with a kid born at 23 gestational weeks. She is currently in the NICU and will be for some time. I have a house with a $3.4k monthly mortgage payment. Expenses are probably closer to $4.5k a month after mortgage bills, groceries, student loan pmts and gas (give or take) I have $60k sitting in a money market account at a credit union…

Dad might end up homeless Hi! My dad had been living with my great aunt (his aunt) for maybe 25 years. She has been diagnosed with cancer and it’s moving fairly quickly. She owns the home (she still makes mortgage payments) and I’m fairly certain she is not willing the home to him. If the treatment doesn’t work and she passes away he might be left without a place to sta…

Using a HELOC to get out of Credit Card Debt My dad has racked some credit card debt after a tough real estate year, with about $60k in debt across several cards and lines of credit, all with their own variable interest rates. He estimates paying about $1.3k a month on interest and his expenses rack up to $4k a month on a social media manager and a leads broker (among other things). Unfort…